HSBC HOLDINGS PLC. - Daily - Technical analysis published on 09/18/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
72%
0%
28%
My opinion
Bullish above 37.99 USD
My targets
40.45 USD (+5.61%)
42.09 USD (+9.90%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for HSBC HOLDINGS PLC. as long as the price remains well above 37.99 USD. The buyers” bullish objective is set at 40.45 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 42.09 USD. If there is any crossing, the next objective would be the resistance located at 42.79 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 40.45 USD. On this resistance, against the trend traders who would like to go short on HSBC HOLDINGS PLC. with a bearish signal from their trading strategy, should not hesitate to act.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
2.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
HSBC HOLDINGS PLC. rating 38.30 USD. On the day, this instrument lost -0.23% and was between 38.00 USD and 38.35 USD. This implies that the price is at +0.79% from its lowest and at -0.13% from its highest.38.00
38.35
38.30
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by HSBC HOLDINGS PLC.:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of HSBC HOLDINGS PLC. indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Black evening star
Type : Bearish
Timeframe : Daily
Abandoned baby evening star
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 35.55 | 36.56 | 37.99 | 38.30 | 40.45 | 42.09 | 42.79 |
| Change (%) | -7.18% | -4.54% | -0.81% | - | +5.61% | +9.90% | +11.72% |
| Change | -2.75 | -1.74 | -0.31 | - | +2.15 | +3.79 | +4.49 |
| Level | Major | Intermediate | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.99 | 38.16 | 38.28 | 38.45 | 38.56 | 38.74 | 38.85 |
| Camarilla | 38.31 | 38.34 | 38.36 | 38.39 | 38.42 | 38.44 | 38.47 |
| Woodie | 37.96 | 38.15 | 38.25 | 38.43 | 38.53 | 38.72 | 38.82 |
| Fibonacci | 38.16 | 38.27 | 38.34 | 38.45 | 38.56 | 38.63 | 38.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.54 | 36.32 | 37.73 | 38.51 | 39.92 | 40.70 | 42.11 |
| Camarilla | 38.54 | 38.74 | 38.94 | 39.14 | 39.34 | 39.54 | 39.74 |
| Woodie | 35.86 | 36.48 | 38.05 | 38.67 | 40.24 | 40.86 | 42.43 |
| Fibonacci | 36.32 | 37.16 | 37.67 | 38.51 | 39.35 | 39.86 | 40.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.77 | 32.56 | 34.23 | 37.03 | 38.69 | 41.49 | 43.16 |
| Camarilla | 34.67 | 35.08 | 35.49 | 35.90 | 36.31 | 36.72 | 37.13 |
| Woodie | 29.20 | 32.28 | 33.67 | 36.74 | 38.13 | 41.21 | 42.60 |
| Fibonacci | 32.56 | 34.27 | 35.32 | 37.03 | 38.73 | 39.78 | 41.49 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.36 | |
| MACD (12,26,9): | 0.2500 | |
| Directional Movement: | 5.39 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 37.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 37.42 | |
| Elder Ray (13): | 0.43 | |
| Super Trend (3,10): | 37.68 | |
| Zig ZAG (10): | 38.30 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 82.72 | |
| TEMA (21): | 38.46 | |
| Williams %R (14): | -25.16 | |
| Chande Momentum Oscillator (20): | 2.34 | |
| Repulse (5,40,3): | 0.9100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 13.59 |
| MA7: | 38.39 | |
| MA20: | 36.89 | |
| MA50: | 38.24 | |
| MA100: | 39.72 | |
| MAexp7: | 38.21 | |
| MAexp20: | 37.54 | |
| MAexp50: | 38.09 | |
| MAexp100: | 38.96 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | +3.82% | |
| Price / MA50: | +0.16% | |
| Price / MA100: | -3.58% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | +2.02% | |
| Price / MAexp50: | +0.55% | |
| Price / MAexp100: | -1.69% |
News
The latest news and videos published on HSBC HOLDINGS PLC. at the time of the analysis were as follows:
- Homesickness in the Modern Age: International Students Crave the Sounds of Home, Says HSBC Survey
- HSBC Bank plc Announces Post Stabilisation Notice
- US Business Leaders Look to Invest in Customer Experience to Propel Future Growth, Says HSBC Survey
- HSBC Holdings PLC Announces Pre Stabilisation Notice
- The Pollution Solution: US Urbanites Flee Cities for Cleaner Air and Improved Mental Health
This member declared not having a position on this financial instrument or a related financial instrument.
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